Toronto-Dominion plans notes linked to companies in MSCI Spain 25/50

By Angela McDaniels

Tacoma, Wash., April 11 – Toronto-Dominion Bank plans to price 0% notes linked to the ordinary shares of the 25 Spanish companies included in the MSCI Spain 25/50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The tenor of the notes is expected to be 15 to 17.5 months and will be set at pricing.

If the basket return is positive, the payout at maturity will be par plus 200% of the basket return, subject to a maximum return that is expected to be 35% to 41% and will be set at pricing. If the basket return is negative, investors will be fully exposed to the decline.

The basket includes the following shares with a 5% weight each: Amadeus IT Holding SA, Banco Bilbao Vizcaya Argentaria, Banco Santander SA, Iberdrola SA, Industria de Diseno Textil, SA, Repsol SA and Telefonica SA. It also includes Abertis Infraestructuras SA (4,476537% weight), ACS Actividades de Construccion y Servicios SA (3.372346% weight), Aena SA (4.588419% weight), Banco De Sabadell SA (4.871538% weight), Banco Popular Espanol (2.785348% weight), Bankia SA (2.784233% weight), Bankinter, SA (3.108176% weight), Caixabank SA (4.101460% weight), Distribuidora Internacional de Alimentacion SA (2.283202% weight), Enagas SA (3.757036% weight), Endesa SA (3.657137% weight), Ferrovial SA (4.839770% weight), Gas Natural SDG SA (4.015354% weight), Grifols SA (3.712729% weight), International Consolidated Airlines Group SA (3.649055% weight), Mapfre SA (2.047177% weight), Red Electrica Corporacion SA (4.870562% weight) and Zardoya Otis SA (2.07992% weight).

The basket was composed on March 29 and includes all of the constituents of the index at that time. To determine the initial weight of each stock, the calculation agent began with the weights of the 25 companies in the index as of March 29, capped the weight of any company that was weighted at more than 5% in the index and distributed the excess weight to each of the other non-capped stocks pro rata according to their initial weights.

TD Securities (USA) LLC and Goldman Sachs & Co. are the agents.

The notes will price April 13.

The Cusip number is 89114QVF2.

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